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Real Estate Investment Canada News

Gomes Gaming to Partner with JEMB Realty Corporation in Acquiring and Revitalizing Resorts Casino Hotel in Atlantic City Wednesday, September 1, 2010 @ 8:00AMATLANTIC CITY, N.J.----Gomes Gaming, Inc. announced today that it will partner with JEMB Realty Corporation in the pending acquisition of the Resorts Casino Hotel in Atlantic City, New Jersey.
Long-term sustainability takes center stage at Prudential Forum Wednesday, September 1, 2010 @ 8:00AMSCOTTSDALE, Ariz.----Prudential Real Estate and Relocation Services, a Prudential Financial, Inc. company, highlighted the relocation industry’s major trends, opportunities and best practices during its annual Prudential Forum conference, Aug. 30-31 at the JW Marriott Desert Ridge in Phoenix.
Tronox, Tribune, Circuit City, Visteon, Lehman: Bankruptcy Wednesday, September 1, 2010 @ 7:39AMThe official shareholders’ committee for Tronox Inc. will submit a competing reorganization plan today or tomorrow, according to an agreement filed in bankruptcy court on Aug. 30 by the world’s third-largest producer of the white pigment titanium dioxide.
Optimism in real estate -- and the worst infomercials Wednesday, September 1, 2010 @ 6:56AMRob Carrick rounds up the best in personal finance reading on the web
Outdoor malls on bearish ‘buy’ list Wednesday, September 1, 2010 @ 6:01AMTenants such as Wal-Mart expected to thrive even if the recovery sputters
Thousands of acres to be auctioned Wednesday, September 1, 2010 @ 12:36AMA utility subsidiary is preparing to sell more than 4,700 acres of land in what is being billed as one of the largest land auctions in western Kentucky history.
Sunrise Senior Living to Receive $50 Million from HCP for 27 Management Contracts Tuesday, August 31, 2010 @ 9:14PMMCLEAN, Va., Aug. 31 /PRNewswire-FirstCall/ -- Sunrise Senior Living, Inc. (NYSE: SRZ) announced today that it has entered into a settlement and restructuring agreement with HCP, Inc. and certain of its affiliates to, among other things, transition Sunrise from management of 27 HCP-owned senior living communities for an aggregate cash payment of $50 million to Sunrise, and to settle the lawsuits ...
Sunrise Senior Living to Receive $50M from HCP for 27 Management Contracts Tuesday, August 31, 2010 @ 9:04PMSettles HCP Litigation Enters into 14th Amendment to Credit Facility Extending Maturity Date to Dece...
South Surrey’s South Point Exchange mall sold for $91 million Tuesday, August 31, 2010 @ 5:55PMAnother major Metro Vancouver shopping mall has traded hands with the sale of South Point Exchange in south Surrey for $91 million to a private investor, commercial realtor Avison Young reported Tuesday.
Sunrise Senior Living to Receive $50 Million from HCP for 27 Management Contracts Tuesday, August 31, 2010 @ 5:54PMSunrise Senior Living, Inc. announced today that it has entered into a settlement and restructuring agreement with HCP, Inc. and certain of its affiliates to, among other things, transition Sunrise from management of 27 HCP-owned senior living communities for an aggregate cash payment of $50 million to Sunrise, and to settle the lawsuits between the Company and HCP pending in Virginia and ...
Canada 2nd-Qtr Growth Slows to Less-Than-Forecast 2% Tuesday, August 31, 2010 @ 8:49AMCanada’s economy grew at a slower- than-projected 2 percent rate in the second quarter, almost one- third the pace of the January-March period, amid a widening trade gap and slower household and government spending.
Canada's Economy Grows Less-Than-Forecast 2% in Second Quarter Tuesday, August 31, 2010 @ 8:18AMCanada’s economy grew at a slower- than-projected 2 percent rate in the second quarter, almost one- third the pace in the previous quarter, as the country’s trade performance deteriorated and households slowed their spending, government data showed.
Economy sputters in second quarter Tuesday, August 31, 2010 @ 8:01AMGDP grew 2% on an annual basis compared with 5.8 per cent in first quarter
Dynamic Funds(R) launches Dynamic Aurion Total Return Bond Fund Tuesday, August 31, 2010 @ 8:00AMDynamic Funds , managed by Goodman & Company, Investment Counsel Ltd. , a wholly owned subsidiary of DundeeWealth Inc., today announces the launch of Dynamic Aurion Total Return Bond Fund , a fixed income fund that seeks to provide income and capital returns from an actively managed diversified portfolio of primarily Canadian fixed income securities.
Scotiabank reports third quarter earnings of over $1 billion Tuesday, August 31, 2010 @ 6:37AMEarnings per share of $0.98 compared to $0.87
KingSett, Aimco Partner on $1.9B Portfolio Tuesday, August 31, 2010 @ 5:04AMTORONTO-ING Industrial Fund of Australia and ING Group, based in Australia, have agreed to sell their joint interest in the 400-property portfolio ING Summit Industrial Fund LP to a joint venture of locally-based KingSett Capital Inc. and Alberta Investment Management Corp (AIMCo).
Weekend news and share tips Tuesday, August 31, 2010 @ 4:09AM■ The US arm of global banking giant HSBC has completed its exit from the car loan business. ■ Bunzl has delivered half-year results bang in line with expectations as a recovery in North American revenues offset ongoing weakness at the distribution and outsourcing group's business in the UK & Ireland.
Huge local land auction set Monday, August 30, 2010 @ 11:34PMIn what will be one of the largest auctions of real estate in Henderson County's history, an American Electric Power Co. subsidiary is preparing to sell more than 4,700 acres of land in western Henderson County.
Lorus Therapeutics Reports Results for Fiscal Year 2010 Monday, August 30, 2010 @ 7:06PMTORONTO, ONTARIO--(Marketwire - Aug. 30, 2010) - Lorus Therapeutics Inc. (TSX:LOR)(OTCBB:LRUSF) ("Lorus" or the "Company") a biopharmaceutical company specializing in the research and development of pharmaceutical products and technologies for the management of cancer, today reported financial results for twelve months ended May 31, 2010. Unless specified otherwise, all amounts are in Canadian ...
Brace for bad news on Canada's GDP Monday, August 30, 2010 @ 7:02PMAnalysts say declining trade could shave up to four percentage points from the second-quarter GDP results, coming out Tuesday
RioCan REIT Announces $124.5 Million Public Offering of Trust Units Monday, August 30, 2010 @ 3:21PMTORONTO, ONTARIO--(Marketwire - Aug. 30, 2010) -
VALLEY NEWSMAKERS Monday, August 30, 2010 @ 2:08AMNew hires, appointments, and award recipients at Valley companies.
The makings of a short sale Sunday, August 29, 2010 @ 10:51PMHomeowners, banks often turn to the transaction to avoid foreclosure.
Slice of paradise becomes eviction nightmare for Canadian in Mexico Sunday, August 29, 2010 @ 10:02PMSiegfried Schiffmacher thought he had found an idyllic slice of paradise in 2006 when he purchased a large lot at Tenacatita, a spit of land in Mexico with spectacular oceans views to the front and a calm bay with clear water and a golden-sand beach to the back.
Niagara Acquisition Inc. to Acquire Property Portfolio From ING Sunday, August 29, 2010 @ 9:06PMTORONTO, ONTARIO-- (Marketwire - Aug. 29, 2010) - Niagara Acquisition Inc. (" Niagara "), a corporation owned by KingSett Capital Inc. (" KingSett ") and certain clients managed by Alberta Investment Management Corporation (" AIMCo "), has agreed to acquire all of the outstanding equity interests in ING Summit Industrial Fund LP (" Summit ") from Realty Holding LP and Realty Holding II LP in a ...
Niagara Acquisition Inc. to Acquire Property Portfolio From ING Sunday, August 29, 2010 @ 9:00PMTORONTO, ONTARIO-- - Niagara Acquisition Inc. , a corporation owned by KingSett Capital Inc. and certain clients managed by Alberta Investment Management Corporation , has agreed to acquire all of the outstanding equity interests in ING Summit Industrial Fund LP from Realty Holding LP and Realty Holding II LP in a private acquisition.
Niagara Acquisition Inc. to Acquire Property Portfolio From ING Sunday, August 29, 2010 @ 9:00PMTORONTO, ONTARIO--(Marketwire - 08/29/10) - Niagara Acquisition Inc. ("Niagara"), a corporation owned by KingSett Capital Inc. ("KingSett") and certain clients managed by Alberta Investment Management Corporation ("AIMCo"), has agreed to acquire all of the outstanding equity interests in ING Summit Industrial Fund LP ("Summit") from Realty Holding LP and Realty Holding II LP in a private ...
HR Software Co. Workstream Raises $1.3M - cbl Sunday, August 29, 2010 @ 8:42PMBy citybizlist Staff MAITLAND, Fla. -- Workstream Inc. (OTCBB: WSTM) has closed on its $1.25 million...
Trevor Cook's loot turns up -- at Mall of America Friday, August 27, 2010 @ 10:09PMIn the stash in a mall locker: gold and platinum coins, millions of Iraqi dinars and Turkish lira.
Europe's ING Group sells Canadian properties at $1.3 billion discount Friday, August 27, 2010 @ 2:40PMTORONTO - An Alberta pension manager and its partner will scoop up 400 Canadian industrial properties that are being unloaded by ING Group after the European financial giant saw the portfolio's value drop by about $1.3 billion since it was acquired four years ago.
Look for Canadian REITs to buy Friday, August 27, 2010 @ 2:26PMMacquarie analyst Smith argues Canadian REITs are in a sweet spot right now for acquisitions
Alberta pension manager, Toronto firm buy all of ING's 400 Canadian properties Friday, August 27, 2010 @ 12:47PMTORONTO - An Alberta pension manager and its partner will scoop up 400 Canadian industrial properties that are being unloaded by ING Group after the European financial giant saw the portfolio's value crash since it was acquired four years ago.
Canadian firms pay $2B for ING property unit Friday, August 27, 2010 @ 12:27PMAn Alberta pension manager and a Toronto company are buying the remaining half of the $2-billion Summit industrial property fund from ING Group
ING funds exit Canada for $2bn Friday, August 27, 2010 @ 9:00AMING Industrial Fund (IIF) and its co-investor ING Groep have agreed to sell their Canadian investment in the Summit Industrial Trust.
Alberta pension manager, Toronto firm buy ING’s half of Summit partnership Friday, August 27, 2010 @ 8:40AMAn Alberta pension manager and a Toronto company are buying the remaining half of the $2-billion Summit industrial property fund from ING Group, which says it’s withdrawing from real estate to focus on banking and insurance.
Investors buy ING's Canadian industrial properties for $2 billion Friday, August 27, 2010 @ 8:14AMTORONTO - An Alberta pension manager and a Toronto company are buying the remaining half of the $2-billion Summit industrial property fund from ING Group, which says it's withdrawing from real estate investments to focus on banking and insurance.
Europe's ING Group sells Canadian properties at $1.3-billion discount Friday, August 27, 2010 @ 8:07AMTORONTO - An Alberta pension manager and its partner will scoop up 400 Canadian industrial properties that are being unloaded by ING Group after
Kimco Offers Medium-Term Notes Friday, August 27, 2010 @ 8:01AMKimco Realty Corporation has announced a public offer of $300 million worth of notes to repay outstanding debt.
BHP, Fairfax, IOOF, ING, Ramsay Health, Sims, Ten: Australian, N.Z. Stocks Thursday, August 26, 2010 @ 8:17PMAustralia’s S&P/ASX 200 Index slipped 0.6 percent to 4,330.70 as of 10:30 a.m. in Sydney. New Zealand’s NZX 50 Index retreated 0.1 percent to 3,014.06 in Wellington.
Bankruptcy trustee takes over Meridian founder's companies Thursday, August 26, 2010 @ 8:03PMA court-appointed bankruptcy trustee this week assumed control of 14 businesses owned by Meridian Group founder Darren Berg, who filed for...
China Day Ahead: U.S. Tightens Trade Rules, PetroChina Plans Acquisitions Thursday, August 26, 2010 @ 7:43PMThe Obama administration plans to step up enforcement of trade laws against nations, such as China and Vietnam, that help subsidize companies exporting cheap goods to the U.S.
ANALYSIS-Colombia's bank sector opening to investment Thursday, August 26, 2010 @ 6:02PMANALYSIS-Colombia's bank sector opening to investment
Dundee Corporation: Press Release Thursday, August 26, 2010 @ 4:07PMTORONTO, ONTARIO--(Marketwire - Aug. 26, 2010) - In accordance with regulatory requirements, Dundee Corporation (TSX:DC.A) ("Dundee Corp.") announced today that, when aggregated with accounts sub-advised by Ned Goodman Investment Counsel Ltd. , it owns or has control and direction over 5.0 million common shares ("Common Shares") of Creso Exploration Inc. ("Creso") and 5.5 million common share ...
Dundee Corporation: Press Release Thursday, August 26, 2010 @ 4:01PMTORONTO, ONTARIO-- - In accordance with regulatory requirements, Dundee Corporation announced today that, when aggregated with accounts sub-advised by Ned Goodman Investment Counsel Ltd. , it owns or has control and direction over 5.0 million common shares of Creso Exploration Inc. and 5.5 million common share purchase warrants .
Dundee Corporation: Press Release Thursday, August 26, 2010 @ 4:01PMTORONTO, ONTARIO--(Marketwire - 08/26/10) - In accordance with regulatory requirements, Dundee Corporation (TSX: DC.A - News ) ("Dundee Corp.") announced today that, when aggregated with accounts sub-advised by Ned Goodman Investment Counsel Ltd. , it owns or has control and direction over 5.0 million common shares ("Common Shares") of Creso Exploration Inc. ("Creso") and 5.5 million common ...
Royal Bank still sees future in U.S. Thursday, August 26, 2010 @ 12:45PMThe Royal Bank has no plans to sell any of its American assets, despite their being a drag on recent earnings, CEO Gordon Nixon said Thursday.
Remember Y2K? The unfounded fear lives on with HST Thursday, August 26, 2010 @ 11:56AMPeople are still confused about how it applies to the real estate market
CIBC third-quarter profit rises to $640 million Thursday, August 26, 2010 @ 11:46AMCanadian Imperial Bank of Commerce reported a 47 per cent jump in profits to $640 million in the third quarter as retail operations surged and credit losses fell, but the bank’s CEO says economic and regulatory uncertainty are reasons for caution.
Just doing his job Saturday, August 21, 2010 @ 5:45PMReuven Adler wouldn't talk with the press this week. The headlines he got in the business press were not his wish, and after all, there was nothing particularly noteworthy about what he did. All he did was his job.
Devotees throng Randoli perahera despite rains Saturday, August 21, 2010 @ 2:53PMby Jiffrey Abdeen - Kandy South group cor. A large number of devotees witnessed the first Randoli perahera of the Sri Dalada Maligawa which paraded the streets in all its grandeur despite the heavy rains on Friday.